Condonation of Delay denied: communication lapses and corporate restructuring found insufficient; prolonged inaction and lack of bona fides led to ref...
Export Support intervention INSIGHT launched to provide non financial capacity building, trade intelligence and pilot support with defined funding and...
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Specified securities on which lock-in cannot be created may be recorded by depositories as non-transferable for the applicable lock-in period, providing an operational mechanism for pledged shares under the ICDR Regulations. The framework requires issuers to align their Articles of Association, issue necessary intimations to concerned lenders or pledgees, and make suitable disclosures in offer documents. Depositories have also updated their systems and processes to support implementation. Stock exchanges, depositories, merchant bankers and issuers must ensure compliance with this lock-in mechanism for pledged shares.
Specified securities on which lock-in cannot be created may be recorded by depositories as non-transferable for the applicable lock-in period, providing an operational mechanism for pledged shares under the ICDR Regulations. The framework requires issuers to align their Articles of Association, issue necessary intimations to concerned lenders or pledgees, and make suitable disclosures in offer documents. Depositories have also updated their systems and processes to support implementation. Stock exchanges, depositories, merchant bankers and issuers must ensure compliance with this lock-in mechanism for pledged shares.
Note: It is a system-generated summary and is for quick reference only.